ERD.TO
Price:
$0.67
Market Cap:
$233.65M
Erdene Resource Development Corporation focuses on the acquisition, exploration, and development of precious and base mineral deposits in Mongolia. It explores for copper, molybdenum, gold, silver, lead, and zinc deposits. The company principally holds a 100% interest in the Bayan Khundii Gold Project comprising 2,309 hectares located in the Bayankhongor province in Mongolia; and the Altan Nar Gold-Polymetallic project located in located in the Bayankhongor Aimag. It also holds interests in three mining licenses and two exploration licenses located in southwest Mongolia. The company was formerly known as Erdene Gold Inc. and changed its name to Erdene Resource Development Corporation in May ...[Read more]
Industry
Industrial Materials
IPO Date
2004-05-07
Stock Exchange
TSX
Ticker
ERD.TO
According to Erdene Resource Development Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 8.64. This represents a change of -32.24% compared to the average of 12.75 of the last 4 quarters.
The mean historical Current Ratio of Erdene Resource Development Corporation over the last ten years is 11.72. The current 8.64 Current Ratio has changed 7.27% with respect to the historical average. Over the past ten years (40 quarters), ERD.TO's Current Ratio was at its highest in in the March 2017 quarter at 49.38. The Current Ratio was at its lowest in in the March 2015 quarter at 0.21.
Average
11.72
Median
9.25
Minimum
0.56
Maximum
31.22
Discovering the peaks and valleys of Erdene Resource Development Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 269.60%
Maximum Annual Current Ratio = 31.22
Minimum Annual Increase = -85.90%
Minimum Annual Current Ratio = 0.56
Year | Current Ratio | Change |
---|---|---|
2023 | 31.22 | 212.25% |
2022 | 10.00 | -10.37% |
2021 | 11.16 | -48.05% |
2020 | 21.47 | 152.81% |
2019 | 8.49 | 0.50% |
2018 | 8.45 | -52.67% |
2017 | 17.85 | 184.09% |
2016 | 6.28 | 269.60% |
2015 | 1.70 | 205.61% |
2014 | 0.56 | -85.90% |
The current Current Ratio of Erdene Resource Development Corporation (ERD.TO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
17.46
5-year avg
16.47
10-year avg
11.72
Erdene Resource Development Corporation’s Current Ratio is greater than KORE Mining Ltd. (0.06), greater than Canagold Resources Ltd. (3.72), greater than Grande Portage Resources Ltd. (0.51), greater than Bluestone Resources Inc. (0.05), less than null (0),
Company | Current Ratio | Market cap |
---|---|---|
0.06 | $8.10M | |
3.72 | $51.48M | |
0.51 | $33.94M | |
0.05 | $45.69M | |
0 | $0 |
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